In a Manufacturing Company Which One of the Following Audit

question 31

Multiple Choice

In a manufacturing company which one of the following audit procedures would give the least assurance of the existence of the assets in the general ledger balance of investment in stocks and bonds at the audit date?

• A)Confirmation from the broker.
• B)Inspection of year-end brokers' statements.
• C)Vouching all changes during the year to brokers' advises and statements.
• D)Examination of paid checks issued in payment of securities purchased.

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